Business development grant

The Business Development Grant is a flexible grant scheme to help businesses set up or expand.

Who is entitled to apply?

The business must be established in Caerphilly County Borough or the individual a resident of Caerphilly County Borough and setting the business up in the area. The business must be in manufacturing or service to the manufacturing sector or a minimum of 60% business to business (Customers must be
other businesses as opposed to the general public) .

Eligible costs could include:

  • Capital equipment (including ICT)
  • Websites and E Commerce sites
  • Marketing
  • Feasibility studies
  • Business planning

Expenditure incurred prior to grant approval is not eligible.

How to apply

The applicant must provide a business plan with a minimum of one-year cash flow forecast and project profit and loss. An established business is asked to provide the last 2 years accounts, plus management accounts if they are over 6 months old. Two comparable quotes are also required for each capital item purchased. No expenditure can be incurred before approval, as the grants cannot be awarded retrospectively.

What level of grant is available?

The Business Development Grant is a discretionary grant and can provide up to 45% of eligible expenditure to a maximum of £2000.

Other factors considered include:

A business must be able to demonstrate a need for the grant and how it will improve the business. This may include the creation of new jobs, value for money, adoption of environmental management systems or significant private sector investment.

For more information please contact the Business Enterprise Support Team.

How often are applications considered?

Grant applications are continuously assessed by the Business Enterprise Support Team, subject to funding availability.

 

Elsewhere on the web

Finance Wales | Welsh European Funding Office